Latest funding round sees Secret Escapes raise $111m

Latest Funding Round Sees Secret Escapes Raise $111m

Latest funding round sees Secret Escapes raise $111m

Secret Escapes has closed a $111m Series D investment in addition to debt facility.

Latest Funding Round Sees Secret Escapes Raise $111m

in which significant equity round was led by Singapore-headquartered Temasek, with participation coming from existing investors Idinvest Partners, in addition to a debt facility coming from Silicon Valley Bank.

Latest Funding Round Sees Secret Escapes Raise $111m

With the additional funding, Secret Escapes has today raised almost $153m in capital since its 2011 launch.

Latest Funding Round Sees Secret Escapes Raise $111m

In July 2015, the company raised $60m in a round led by Google Ventures in addition to Octopus Ventures.

Latest Funding Round Sees Secret Escapes Raise $111m

Since the brand’s arrival onto the global travel scene in 2011, Secret Escapes has launched in 21 territories in Europe, Asia in addition to the US, in addition to has grown its global membership base coming from four million in January 2014 to its current level of over 47 million worldwide.

Latest Funding Round Sees Secret Escapes Raise $111m

Secret Escapes, which offers its members exclusive deals on hand-picked hotels in addition to holidays at up to 70 per cent off, has enjoyed compound annual revenue growth of 185 per cent, having recently acquired Slevomat, central in addition to eastern Europe’s leading travel deals in addition to experiences company.

Latest Funding Round Sees Secret Escapes Raise $111m

Building on its profitable core markets, in which Series D funding round will be used for driving growth in addition to international expansion, including acquisitions.

Alex Saint, chief executive of Secret Escapes, said: “We’ve reached a particularly exciting point in our brand’s development where we’re operating in 21 territories, having sold over seven million room nights.

“The cash injection of $111 million will enable Secret Escapes to achieve its vision to inspire the entire world to escape in addition to to become the number one travel deals website within the entire world.”

Latest funding round sees Secret Escapes raise $111m

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